07 June 2016, EUR/USD
Daily chart: the upper Bollinger band (1.1451) looks unbroken, plus in this area it can be seen a bearish pattern Over&Under, so be patient to go down at the right price.
H4: confirm the focus on 1.1451 (ascending upper Bollinger band), as well we see that the pair is overbought, which, again, increases the probability of further south scenario.
H1: it is impossible to exclude an intraday scenario with a break in a narrow flat within the Bollinger envelopes (1.1338-1.1374) — ADX is weak, envelopes are stable.
Expectations: The main scenario is flat 1.1338-1.1373.
Alternative scenario is a growth to 1.1451 and a sharp rebound down.
Trading solutions: 1. We place limit orders to sell in the area of 1.1451.
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